Candente Resource Corp.
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Candente Resource Corp.

August 28, 2007 18:54 ET

Santa Luisa Returns Candente's El As de Zinc Property in Central Peru

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 28, 2007) - Candente Resource Corp. (TSX:DNT)(BVL:DNT)(WKN:GW4) ("Candente") reports that Compania Minera Santa Luisa S.A. ("Santa Luisa"), a subsidiary of Mitsui Mining and Smelting Co., Ltd. of Japan ("Mitsui") has elected not to continue exploration of Candente's El As de Zinc Property in Central Peru.

Drilling by Santa Luisa intersected a significant zone of lead-zinc mineralization which averages 0.94% lead (Pb) and 5.98% zinc (Zn) over 22.70 meters (m) and contains several higher grade zones including 1.63% Pb and 9.89% Zn over 7.05 m on the property (See News Release 186, November 16th, 2006). This high grade mineralization was intersected at a distance approximately 100 m (down dip) from an outcrop of similar lead-zinc mineralization. Santa Luisa concluded that while the results did not meet certain parameters necessary for them to continue exploration, the mineralization found to date indicates a strong potential for the presence of sufficient mineralization to support an operation using contract mining and custom milling.

Candente's current land position is much larger than that explored or held under option by Santa Luisa. Drilling by Santa Luisa tested less than 6% (approximately 525 m) of the known strike length (9 kilometres) of favourable host rocks exposed on the property. Santa Luisa funded and operated the exploration program during which they drilled a total of 2,498.05 metres (m) in six holes. Very little other exploration work has been carried out on the property.

At El As de Zinc, four distinct zones of zinc-lead mineralization have been discovered in outcrop on the property. Average zinc (Zn) and lead (Pb) grades from sampling on surface to date appear to be in the range of: 10.6% Zn & 1.88% Pb over 3.25 m; 3% Zn & 0.64% Pb over 3.6 m; 4% Zn & 0.35% Pb over 6.5 m and 22% Zn & 4% Pb over 1 m. Higher grades reach as high as 47.5% Zn & 5% Pb over 2 m and 9% Zn & 2.4% Pb over 7 m. This mineralization has some very distinctive characteristics which resemble two kinds of world class lead-zinc deposits often referred to as Mississippi Valley Type (MVT) and Irish Type.

Joanne Freeze, P.Geo., is the Qualified Person as defined by NI 43-101 whom has reviewed this news release.

Candente is a diversified copper and gold exploration company with gold, silver, copper and zinc projects in Peru and Mexico, including an advanced exploration stage leachable copper project, Canariaco. Candente subscribes to principles which ensure that its exploration and development activities are beneficial to the local communities.

ON BEHALF OF THE BOARD OF DIRECTORS

Joanne Freeze, P. Geo., President & CEO

Candente Resource Corp.

Release No. 223

This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Candente relies upon litigation protection for forward-looking statements.

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